Nvidia & AMD Soar 4%
- Get link
- X
- Other Apps
Investors Bet on Saudi Arabia to Lead AI Chip Demand
Hello readers,
While China once dominated headlines as the major buyer of high-end chips, the spotlight is shifting.
Today, Nvidia and AMD stocks rose over 4%, and here’s why:
Saudi Arabia is emerging as the new 'big hand' in the AI chip market.
🇸🇦 From Oil to AI
Saudi Arabia is going all-in on AI and tech infrastructure.
Backed by its $700B+ Public Investment Fund (PIF), the kingdom is:
-
Building AI data centers
-
Launching research hubs
-
Funding massive chip imports for national projects
Why It Matters
-
China's AI chip demand has been slowed by US export controls
-
Saudi Arabia offers a politically safer and liquidity-rich alternative
-
Big Tech sees opportunity in expanding partnerships in the Middle East
Market Reaction
-
Nvidia: +4.2%
-
AMD: +4.1%
-
AI-related ETFs also ticked up
-
Analysts upgraded chip stocks on strong global demand diversification
“The future of AI won’t be decided by one country — it’s now a multi-polar tech world,” said one industry strategist.
TL;DR
With China facing headwinds, Saudi Arabia is stepping in as a new AI chip super-buyer.
Nvidia and AMD? Riding the wave — up 4% and still climbing.
- Get link
- X
- Other Apps
Comments
Post a Comment